• Ethereum price is trading in the red within the confines of an ascending channel parallel channel.
• Ethereum price could be at risk of a 20% decline toward the lower boundary of the prevailing chart pattern if a key level fails to hold.
• Key support is at $3,900 where the lower boundary of the rising channel emerges as a foothold for ETH price.
Chart says it all. Robotrader immediate timeframe on breakout to ATH. Ride it hard for at least a quick 10% gain. Will check in what the charts tell us then. It might be violent. Please strap yourselves in. ETH inventory is decreasing at an alarming rate. Smelly men in with black hats and cigars will tempt you to redeem your ETH for incredible interest rates. ...
A new trend line has shown itself after forming for the last few weeks.
First, we hit this zone as a resistance level and broke down.
Second, we entered a discovery period where we tested to see if it would break as the resistance which it did.
Here, we are testing it as a support and simultaneously creating a symmetrical triangle. (bullish sign)
ETHUSDT Technical Analysis Update
ETHUSDT currently trading at $4100
Major resistance trend line breakout in day chart. price can consolidate at 4000- 4400 level before making new ATH.
Long Entry level: $3900 - $4100
TP 1 : $5000
TP 2 : $6000
TP 3 : $7500
TP 4: $10,000
Stop loss: $3000
Max leverage : 2x or buy it on spot market
My views on #Ethereum $ETH -
This seems super bullish to me. Every time ETH broke out of consolidation below ATH, it teleported the 4.236 Fib extension.
I am expecting the same this time round. This time, it's not different.
Target - $13,000.
This is a monthly chart on a Log scale for Etherum for three cycles. I included in Fibonacci patterns as well as taking into account days. Drop in a comment and I will surely give you my feedback. I am unsure if it is all too possible but $24K ETH to USD seems to be coming soon. Something is brewing for sure. Disclosure: This is just my opinion and not any type of...
Let's analyze the Ethereum chart from a global perspective. The price of Ethereum is near the important $3,677 level. This level is now the last resistance before ATH. If the price trades in a range below this level and breaks it, it would be a good buying opportunity.
The second scenario where is the best place to buy Ethereum is if the price corrects below the...
Ethereum - Intraday - We look to Buy at 4001 (stop at 3911)
Daily signals are bullish.
Dips continue to attract buyers. We look to buy dips. 50 4hour EMA is at 3991.
Our profit targets will be 4258 and 4298
Resistance: 4200 / 4280 / 4375
Support: 4100 / 4000 / 3900
Ethereum - Intraday - We look to Buy a break of 3972 (stop at 3888)
Daily signals are bullish.
Broken out of the wedge formation to the upside.
We look for gains to be extended today.
Pivot resistance is at 3972.
The bias is to break to the upside.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 4218 and...
Ethereum is on the final approach to $4,400 after bringing down the barrier at $4,000.
The SuperTrend and the MACD indicators sustain buy signals as buyers flock to the market.
The cryptocurrency market is currently shining a light on the altcoins following weeks where Bitcoin has solely rallied to higher levels. Ethereum appears to be leading the pack after...
Check out this beauty. A nice,slightly downward tilted cup and handle pattern on ethereum. We can see the handle of this cup and handle is also an inverse head and shoulders pattern, and that inv h&s pattern looks like it’s about ready to trigger/confirm its breakout. If it does the measured move target is right around 4700. If it therefore confirms that breakout...
After an impressive breakout, the next leg now follows (there was also the simpler ETHBTC play where buyers have succeeded and are ready to play the next deflection).
On the ETHUSD side, buyers have created a chance for Q4 to attack the highs. Sellers did not want to hold...
Within the channel I am suggesting a retest of the bottom of this channel
A large falling wedge can be seen present in the middle of the channel
This bearish move would be short-lived and a great time to load up more Ether
I need 8K !